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VPER (Viper Networks) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2006)


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What is Viper Networks Long-Term Capital Lease Obligation?

Viper Networks's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2006 was $0.00 Mil.


Viper Networks Long-Term Capital Lease Obligation Historical Data

The historical data trend for Viper Networks's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Viper Networks Long-Term Capital Lease Obligation Chart

Viper Networks Annual Data
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Viper Networks Quarterly Data
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Viper Networks  (OTCPK:VPER) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Viper Networks Long-Term Capital Lease Obligation Related Terms

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Viper Networks Business Description

Industry
Traded in Other Exchanges
N/A
Address
200 East Big Beaver Road, Troy, MI, USA, 48083
Viper Networks Inc is an Indian-based company that operates in LED lighting products. It is involved in the manufacturing and distribution of LED lighting to provide superior turnkey LED lighting solutions for metropolitan areas (streets and highways), parking lots, and warehousing facilities anywhere. Further, it also offers intelligent lighting solutions with cameras, sensors, and wireless technologies. The company is also into providing telecom engineering services in the U.S., Middle East, and Northern Africa.
Executives
Jason Sunstein director, officer: Vice President - Finance 350 10TH AVE., SUITE 1000, SAN DIEGO CA 92101